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Free IT company Business Plan
If you are setting up an IT company business then it is wise for you to put pen to paper an IT company business plan. If you need finance for your company this will help you with it and even if you are blessed to have enough capital to set up your own business then a business plan will be of assistance to you in your business approach. This will enhance the chances of your business being a hit, which cannot be a bad thing.
Your plan ought to embrace the following...
IT company Executive Summary
Your IT company executive summary should be written last as soon as you have done all the ground work in preparation of your business plan - it is after all meant to be a digest of your business. This is the page that should grab the awareness of the reader and make them be familiar with what your IT company business is concerning. Generally speaking it should present the person who reads it 3 years highlights of your business or longer if you have a more long term business plan - i.e. when the financier(s) are apt to start seeing some revenue on their investment. The IT company executive summary should mention the chief protagonists who are ready to help run the business and produce the profits for the investors and if any new management will be needed in the process. Click here for more free advice on how to write your executive summary.
IT company Objectives
As the executive summary more often than not includes the breakdown of the first 3 years - your objectives must as well be set out for your first three years of operation - this could be a handful or may perhaps be a good deal more comprehensive - it is totally up to you, on the contrary having unrealistic goals to attain for your IT company business in an unrealistic timeframe will put likely investors off rather than them being impressed at your high objectives.Read more about business objectives.
IT company Mission
Various people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business should be to sell it! If you can build your IT company business up to sell it whilst keeping a quantity of shares then you will have done well. To attain your last mission you will most likely require some smaller missions - these could be to attain a certain amount of earnings, to reach a certain quantity of clients, to push a certain number of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You ought to advise people how and why your IT company business is going to be a winner - if you cannot think of something to put in writing here then you are doomed. Even if your remedy is simply that you are going to work harder than the next person - then at least that is something...but you'll need to back it up with some confirmation in particular if you are looking for funding in your IT company business.
Company Summary
Here you should write a simple arrangement of your business over the next three years unless you have a long term plan.
Company Ownership
Simply put in writing who is going to own the IT company business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for those shares - it's relatively normal for someone to be the owner of part of a company but hold no say in how that business is run. You must say if the business is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your IT company business going to be trading from and why are you going to be trading from this locality - you may perhaps not be capable of giving pinpoint address at this early stage but you have to narrow it down as much as you can, as clearly this will have a considerable effect on your company. It is as a rule easy to get premises for any IT company business specially in this climate with so many businesses folding, but getting the proper business premises for the right money is a different prospect completely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your IT company Business.
Before you can promote any services or products you need to record accurately all of the equipment you are going to need and if you are going to require any money in order to pay for all of these things. You may well require to change your start-up summary depending on your fiscal situation - so you may well desire certain IT company equipment but not be able to have the funds for it until you have sold a few units of service / product.
IT company Start-Up Costs
This is a upfront list of things you need to buy and stuff you can bring into the company if you already be the owner of them before your IT company business can start operating. If you don't have enough capital you ought to also incorporate who is going to offer this investment to get your IT company business going.
Visit this page for more typical start up costs.
IT company Investment
If you don't have adequate money you should add in the total investment you are going to need and moreover include the breakdown of the parties that are going to finance the investment. Incorporate the equity being given away to fund this or loan agreements in order to finance the contract. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your IT company Business.
IT company Business Plan Page 2
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